...the laying of taxes is the power, and the general welfare the purpose for which the power is to be exercised."
Thomas Jefferson.

Saturday, February 5, 2011

Saint Ronnie

10 Things Conservatives Don’t Want You To Know About Ronald Reagan

Tomorrow will mark the 100th anniversary of President Reagan’s birth, and all week, conservatives have been trying to outdo each others’ remembrances of the great conservative icon. Senate Republicans spent much of Thursday singing Reagan’s praise from the Senate floor, while conservative publications have been running non-stop commemorations. Meanwhile the Republican National Committee and former GOP House Speaker Newt Gingrich are hoping to make few bucks off the Gipper’s centennial.
But Reagan was not the man conservatives claim he was. This image of Reagan as a conservative superhero is myth, created to untie the various factions of the right behind a common leader. In reality, Reagan was no conservative ideologue or flawless commander-in-chief. Reagan regularly strayed from conservative dogma — he raised taxes eleven times as president while tripling the deficit — and he often ended up on the wrong side of history, like when he vetoed an Anti-Apartheid bill.
ThinkProgress has compiled a list of the top 10 things conservatives rarely mention when talking about President Reagan:
1. Reagan was a serial tax raiser. As governor of California, Reagan “signed into law the largest tax increase in the history of any state up till then.” Meanwhile, state spending nearly doubled. As president, Reagan “raised taxes in seven of his eight years in office,” including four times in just two years. As former GOP Senator Alan Simpson, who called Reagan “a dear friend,” told NPR, “Ronald Reagan raised taxes 11 times in his administration — I was there.” “Reagan was never afraid to raise taxes,” said historian Douglas Brinkley, who edited Reagan’s memoir. Reagan the anti-tax zealot is “false mythology,” Brinkley said.
2. Reagan nearly tripled the federal budget deficit. During the Reagan years, the debt increased to nearly $3 trillion, “roughly three times as much as the first 80 years of the century had done altogether.” Reagan enacted a major tax cut his first year in office and government revenue dropped off precipitously. Despite the conservative myth that tax cuts somehow increase revenue, the government went deeper into debt and Reagan had to raise taxes just a year after he enacted his tax cut. Despite ten more tax hikes on everything from gasoline to corporate income, Reagan was never able to get the deficit under control.
3. Unemployment soared after Reagan’s 1981 tax cuts. Unemploymentjumped to 10.8 percent after Reagan enacted his much-touted tax cut, and it took years for the rate to get back down to its previous level. Meanwhile,income inequality exploded. Despite the myth that Reagan presided over an era of unmatched economic boom for all Americans, Reagandisproportionately taxed the poor and middle class, but the economic growth of the 1980′s did little help them. “Since 1980, median household income has risen only 30 percent, adjusted for inflation, while average incomes at the top have tripled or quadrupled,” the New York Times’ David Leonhardt noted.
4. Reagan grew the size of the federal government tremendously.Reagan promised “to move boldly, decisively, and quickly to control therunaway growth of federal spending,” but federal spending “ballooned” under Reagan. He bailed out Social Security in 1983 after attempting to privatize it, and set up a progressive taxation system to keep it funded into the future. He promised to cut government agencies like the Department of Energy and Education but ended up adding one of the largest — the Department of Veterans’ Affairs, which today has a budget of nearly $90 billion and close to300,000 employees. He also hiked defense spending by over $100 billion a year to a level not seen since the height of the Vietnam war.
The other 6 things are here at Think Progress  

Conservatives seem to be in such denial about the less flattering aspects of Reagan; it sometimes appears as if they genuinely don’t know the truth of his legacy. Yesterday, when liberal activist Mike Stark challenged hate radio host Rush Limbaugh on why Reagan remains a conservative hero despite raising taxes so many times, Limbaugh flew into a tirade and demanded, “Where did you get this silly notion that Reagan raised taxes?

1 comment:

Anonymous said...

Back in the ‘80’s, President Reagan, took the deduction for money [~~$1500] we paid for family medical insurance away from us. That left us with only the interest deduction on our new home mortgage.

I’ll always recall that, as the reason I have had the life long, warm and fuzzes for him…!

Gramps sends...